Sunday, March 25, 2012

Need to revise some tax-free limits

Need to revise some tax-free limits


Need to revise some tax-free limits

Posted: 25 Mar 2012 05:32 PM PDT

The budget has failed to raise the exemption limits that are completely out of sync with ground realities


Why investors hesitate to pay for financial advice

Posted: 25 Mar 2012 05:26 PM PDT

Every time I meet friends who are financial advisers, two completely dichotomous views emerge. One set tells me that investors are unwilling to pay fees for advice and it is, therefore, tough to be in the advisory business.


New Silk Route may dig into Adiga’s

Posted: 25 Mar 2012 05:21 PM PDT

The heightened global investor appetite for local cuisine may see Adiga's , a chain of south Indian vegetarian restaurants and fast food joints, offload shares to a private equity investor to fuel its expansion plans.


Banks going slow on debt recast: Air India

Posted: 25 Mar 2012 05:16 PM PDT

Air India's debt woes are far from over with the public sector carrier now complaining that lenders are refusing to restructure loans of Rs 18,000 crore despite RBI approving the recast five months ago and the government stepping in to sweeten the deal for banks.


GAIL to double Dabhol LNG terminal capacity

Posted: 25 Mar 2012 04:55 PM PDT

Ratnagiri district in Maharashtra is famous for its succulent Alphonso mangoes. But soon it may come to be known for the bowl that feeds India's growing hunger for energy with a 10-million-tonne facility to import gas in ships.


GM to expand capacity in low-cost countries: Report

Posted: 25 Mar 2012 10:49 AM PDT

General Motors may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in Britain, a German magazine said.


India may have 1.75 bn tourists by 2021

Posted: 25 Mar 2012 05:32 AM PDT

Going by the double-digit growth of the travel industry, India is expected to have around 1,747 million travellers by 2021, which would require 1,88,500 additional hotel rooms, according to a recent study.


Barista aims at three-fold rise in India revenue in 3 yrs

Posted: 25 Mar 2012 05:24 AM PDT

Italian coffee major Lavazza, which owns the Barista coffee chain, is looking at a three-fold rise in its revenue contribution from India to 10 per cent of its global sales over the next three years.


Kingfisher to pay only Rs 10cr tax dues this fiscal

Posted: 25 Mar 2012 04:58 AM PDT

Kingfisher Airlines has agreed to pay only up to Rs 10 crore of its Rs 76-crore service tax dues this fiscal , a top government official has said.

Money order losing charm; users decline by over 34%

Posted: 25 Mar 2012 12:46 AM PDT

The once standard mode of sending and receiving payments, money order is losing ground to modern electronic payment methods, and its users have significantly declined - by over 34% - in the past three years.


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